By the end of this course, you should have a solid understanding of key financial concepts including the various components of accrual accounting, what debits and credits are and how they function on the accounting equation. You should have a good understanding of some of the most common types of financial transactions that take place in a business environment, how they are recorded and their impact on overall financials. You should have an understanding of how the trial balance, profit & loss, balance sheet and cash flow statement are constructed from financial transactions and you should be able to build these financial reports yourself without the help of accounting software.